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♪ >> we care about the small people. i hear sometimes that large oil companies are really companies who don't care. but that is not the case in bp. we care about the small people. >> well, that's one way of putting it. i think the intentions were good. >> little people from 1966, little people america unite. we're here to take care of you at "morning joe." good morning, mort. >> mort zuckerman joins us on
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the set this morning, along with mike barnicle. >> what is wrong with these bp people? i was actually talking to a guy who is in the business of telling corporations what to do and we were -- we ran into each other at the airport yesterday. i said, what would you tell the president? we had the conversation. he said but the president -- president is not doing great, the communication, getting the message out. but these bp people are the worst i've ever seen. i said what would you do? i would just tell them to shut up. and that is before randy newman out there starts talking about short people. i mean, seriously. >> i felt badly for -- i felt badly for the guy. you know? all of us, none of us can speak a second language. he's from, where is he from? sweden? >> one of those communist countries. >> he says something prior to
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the small people that no one from financial services did during any of those hearings. he apologizes, you know? then he goes the smaller people! and his apology is complete dismissed! >> switzerland land is actually where he is fro. it's like sweden in that it starts with s and w. >> did they win yesterday? >> no, they won. >> put that in context. that is huge. >> switzerland. small little country only known for the von trapps running at the end of "sound of music." i think number one, number two in the world, spain. they lost. this is a stunning upset by world cup standards. >> pete, here is what just happened. pete breen is back after a long trip, a vacation. told me the guy is from switzerland. he is from switzerland. i just heard. he's from sweden.
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>> pete is still on his vacation. >> welcome back, pete. >> he's a little guy. is that a weird thing to do? yeah. >> he is the worst father. seriously. the stories we could tell. how does bp mishandle things so badly when it comes to public relations some i'm sure the billions and dollars the company makes every day you made a mistake but you know how to handle it. a lot of times it has to do with you just backing off and not saying anything. >> yes. i think the best things that happen in my company are when i don't say anything so i think you set the right ground rules. look. when you see this, you realize since it started from day one, these are people just not sensitive to what is going on in the outside world. i don't think they ever grasped literally the huge consequences of what they are about or -- and every day, every week, they've continued to make these great
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sort of gasps and nobody has any sympathy for what they are doing. the fact they are not only the on only ones responsible for this but it's clear they have a blind eye to all of this stuff. >> they must be isolated because he talks about the small people, the little people, whatever the people he talks about. and then again, you have tony hayward coming out a couple of weeks ago saying i want my life back. >> that was very insensitive. >> look. i think take, obviously, you can look at it that way or the more troubling way to look at it is this thing is so impossible to stop that nobody knows what to do, which is really scary. >> what to say is another thing. >> right. >> but there is nothing you can say. you can't stop it. nothing good. that's the bottom line. >> what about the president giving this es ko account $20 billion? >> pretty good. pretty good. >> it's indicative to where the crisis is right now that people on the far left say, well, that's not enough. that's just -- come on. this is the president. half measures.
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people people on the far right talking about, once again, the end of freedom as we know it, seriously how many times can freedom die in one quarter? because if you listen to the republicans, they send out press releases every day, freedom has died tonight! get your muskets out! >> speaking of people who should keep quiet, the bp people a should keep quiet. >> right. >> mike al steele, who is this man? he keeps issuing these ludicrous statements. >> what is he saying? freedom died tonight? >> pretty much. he is politicizing the economic disaster by speaking to the nation. >> what would these guys have him do? again, i am a guy. i know once in a while i may say some things about barack obama, but it just occurred to me a couple of days, because there have been some republicans i've
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been talking to through the past year and a half who wanted to work with the president, but, at this point, i don't know what this president could do that any republican leader would salute. what they don't understand is that sometimes that's the best play. i remember ronald reagan was on the campaign in 1980. somebody asked him a question. he said, i don't know. everybody in the audience just sort of smiled. sometimes, the best thing can you do is say -- bill clinton would always do that. he would say, you know, the president, when he is running, i think you did a great job. and that is what that does, it allows you to criticize late and have more authority and these republicans don't have that nimble touch, to say the least. >> he secures $20 billion for people along the gulf coast. politicians pretend to want to help and he is charged with redistribution of wealth in some sort of -- >> oh, my god! >> true. >> please, don't each give it a moment. let's do news. >> be the guy to participate in
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it. >> that's just ridiculous. under pressure from the president, bp has agreed to set aside $20 billion in independent fund to compensate anyone affected by the devastating oil crisis. the deal was announced yesterday following the first face-to-face talks between bp and the president. >> bp's liability for this spill are significant. and they acknowledge that fact. we will continue to hold bp and all other responsible parties accountable and i'm absolutely confident bp will be able to meet its obligations to the gulf coast and to the american people. >> the president also added that the 20 billion is not a cap on bp's liability and that the company may still face additional fines and penalties. the clams process will be managed by kenneth feinberg who oversaw payouts to 9/11 victims. bp set aside $100 million to help oil rig workers who have lost their jobs. to meet yesterday's agreements
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the company said it would cut money to shareholders by three-quarters but offset by the way the chairman described residents in the gulf as, quote, small people. >> seriously, i've lived all over the country and i can tell you our people, on average, are at least 5'10". look at me. i'm 6'4". i'm a big guy. >> they were perfectly normal sized people. >> you saw them, right? >> well, yes. >> when john lennon said he was bigger than jesus. jesus was like 6'3". >> he apologized. >> they just gave a 20 billion dollar fine and spit came out sounding like randy newman! >> it is time to quarantine all of the bp executives and get like -- i don't know.
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get heidi clum to be spare spokeswoman. that will work much better than the rest of these clowns. >> in a written statement -- >> ruthless people just outstanding. >> in a written statement -- >> in a -- >> that's enough. all right. i've heard tone deaf moments. in a written statement following those comments -- >> they gave $20 billion and they are back on their heels! i'm sorry. go ahead. >> bp's chairman who speaks english as a second language. >> good to know. thank god. >> said, quote.
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like president obama, i believe we made some good progress toward that goal today. >> okay. $20 billion, as much as it pains me, let's talk about the substance of this for a second. >> you'll be okay. >> $20 billion, that's a significant amount of money. >> sure is. >> it is a good first step. >> yes. >> and not only a first step but a good first step -- i talked to people across the gulf coast after yesterday. i think the only people on the planet that said the president did a-ok. >> we were, yes. >> the gulf coast residents were excited about republicans, conservatives, small business owners and very excited about the possibility of this 20 billion fund. the president secured it. that is pretty damn good for gulf coast residents. >> the other thing, it's not going to be the result of a whole series of lawsuits. this ken feinberg will
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adjudicating how much money will go out so people don't have to sue the company to get the money they are entitled to and save a lot of people time and money on the other side of the equation. >> mike barnicle, we were down at the hilton in pensacola. julian mcqueen, a guy who has been building hotels on pensacola beach. nice hotel and across the panhandle. he is not going to make a mortgage payment he told "the wall street journal" yesterday. he told the banks to be ready for it. it's happening again at all of these established places with business owners that have been in pretty good shape for a very long time. these aren't people that decided to get in the real estate market a couple of years ago to make a quick buck. these are people that have been building and developing down there for a generation. >> one of the key aspects of the 20 billion dollar agreement is it's open-ended and they have the ability to go back in when
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the 20 billion is exhausted and going to be an ongoing process. you can go back. >> right. >> and go to ken feinberg, two, three, four times, however often you need to the next three or four years, baugh because it's not something financially resolved for the people in the next three or four months. >> you're not waving your liability that is important. >> that's important, too. we had andrew on the other day saying bp might want the 20 billion dollar cap because that might be the end of the story for them but that won't be the case. >> it's important that they are still appealing some lawsuits from that. bp has just short circuited that at least for the first 20 billion dollars by saying here's the money. use it. and i can tell you -- >> for all of the critics of the president, you got to hand it to him for getting that deal done. >> do you think the 20 billion
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dollar agreement gets to addressing some of the criticism toward the president that this is all about management and he hasn't managed as well as he ought to have and, yet, this looks like a pretty good management job. >> i would agree. i mean, one of the implicit charges is that this whole thing is being managed incompetently. this is something that is tangible and real people can understand it and i think that's a big step away from that charge of incompetence. >> by the way, the president was criticized by not going far enough when it came to creating a new wave of energy technology. everybody i talked to along the gulf coast said what do you think of the speech? what do you think of the speech? i continued to throw it out again today. i think chuck todd said yesterday that was a speech that was for the gulf region, for the people who was actually directly impacted by that. i think as a pensacola resident,
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like the speech. they say the energy stuff for the next century, that's pretty good. we want to make sure we can pay our employees two weeks from now. >> that's right. >> so i've just got to say, the president can talk about moon shots and everything else and maybe he didn't go far enough for people on the left, but he did yesterday, what they needed him to do in the gulf coast, secure $20 billion without having to fight bp corporate lawyers for the next decade. >> he also secured another $100 million in the short term for people put out of the work by the drilling moratorium. he got a big pound of flesh from bp. >> they could not legally force bp to do either of these things. let me say it receipt now. i hope they have somebody in charge -- feinberg. i hope they have a process that is ready to go because this is not the sort of thing we can get right six months from now. it's got to be done six days from now or people are going to start shutting down there. that's the new pressure on this
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administration and i hope that they are scrambling around this morning to make sure they get their checks written to these people quickly. >> ahead on "morning joe," vice president biden summer plans to deal with the job crisis in america. more on that and the political playbook. how is the british press doing with bp's latest deal with obama? and what does cnbc's jim cramer have to say about it? and joe joins the ladies of the "the view" today! you can catch that later this morning. he is filling in for bash was walters. here is bill karins with a check of the forecast. bill! >> that guy is a heartthrob. big day in the joe scarborough family. active in the northern plains and cold front slicing through new england and move off the coast this afternoon and take the showers with it. the weather will improve during the day from boston down to hartford. forecast, 80. beautiful philly and 85 in d.c.
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here is the problem weather. not really in new england. tomorrow, a beautiful day. actually the heat returns for new england in the mid-atlantic. the problem spot, the northern plains. tornado outbreak is possible for iowa, up into minnesota. that does include des moines up into minneapolis. the other story, the heat. this is going to turn out to be a hot june and looks like a hot summer. temperatures 95 to near a hundred from dallas to kansas city all the way down through florida. it looks like it's going to be a long summer and i hope your ac is cranking. you're watching "morning joe," brewed by starbucks. ♪ and vacation down at the gulf of mexico oh, yeah ♪ ♪
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the last eight presidents have gone on television and promised to most of us towards an energy independent future. why didn't it work? why couldn't we do it? it's not like they didn't have good ideas. >> wind turbines. >> energy efficient windows. >> energy efficient homes. >> natural gas, hydro. >> edge not not just from corn. >> atomic power. >> wood chips and stalks and swish grass. >> fuel cells. national grass. >> solar panels. >> better batteries for hybrid and electric cars. >> plants for gasahol. >> let's just use oil. >> all right. . 21 past the hour. welcome back to "morning joe." let's take a look now at the
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morning papers. we will start with "the boston globe." walmart challenges cape wind's high costs. walmart complains about the price it has to pay for wind-generated electricity. >> "the wall street journal" the end is near for free checking. the move is expected to end free checking accounts for many americans. >> the miami herald after a five day strike affecting 50,000 travelers spirit airlines reached a tentative agreement with pilots yesterday. spirit flights are scheduled to resume on friday. >> "usa today" the iphone frenzy starts early. a crush of customers have at&t and best buy halting early orders. >> over in england in the daily telegraph, cameron confronts obama to battle to protect bp as the company is forced to suspend dividend payments over the u.s. oil spill. with us now is the editor in chief for politico, john harris
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with a look at this morning's playbook. good morning. >> good morning, willie. >> every month the jobless numbers come out and we look to turn the corner and every month, we are disappointed. how is the white house trying to get ahead of the jobs problem? >> they don't have any policy but they do have starting this morning a new slogan. it is recovery summer. mike allen has this exclusive in his playbook this morning. obama, president obama and vice president biden have -- are going to be announcing a bunch of appearances around the country and the aim is to show that a recovery is on the way and it's because of the stimulus package that was passed in 2009. they are going to be going to local communities and trying to highlight in tangible ways new bridges, new parks, concrete things and they hope essentially it's a political campaign. they hope it will lift the spirits of the country and undercut the negative political impacts of these very high persistent job numbers. >> mort, you don't look as excited about recovery summer. >> i really don't.
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i think the original recovery act was badly structured and it is true that the infrastructure developments are the best job producers. two-thirds of the money went to the wrong place to support the public service unions, sort of support people incomes and instead of going into infrastructure they are way late on this and i think still overwhelmed by the decline in the economy and the rest of the economy and the whole country is now really consumed. you're looking at almost 1 in every 5 families who has either somebody who is unemployed or that is going to have a huge impact. it's all going to look political instead of real. >> the real unemployment number is one to look at as you always say. last night, chris matthews had this rise of the new right documentary. >> right. >> topic you guys are looking at at politico. we know conservative pundits have made a lot of money off the tea party but now some on the left doing the same.
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>> talking about jobs. a jobs program for liberals and book authors and publishing houses and academics. we recognized the tea party has been great for business on the right, glenn beck and so forth and great for business on the left. a bunch of new books and documentaries under the way. one of the most prominent from thomas frank who wrote a book back what is the matter with kansas. he's got a tea party book on the way. indicate czarnecki of "the new york times" has a book on the way. everywhere you look people are trying to get a slice of this whole tea party argument. >> is the influence of this tea party overstated by the hype and hyster hysteria? >> my personal believe it is. what drives it on the conservative and liberal end of the spectrum is the incentives. the incentives are there to get
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publicity, book contracts and to get all of the other rewards by making the tea party a bigger deal than it really is. >> you know, he with talked about this probably three or four months ago and i think we talked to maybe mike harrison? mike allen at politico, or somebody, talking about how "the new york times" was now conducting polls on the tea party. what is so interesting to me is that the tea party story should have properly been written in august of last year. >> right. >> that's when the tea party was at its strongest, had his apex. really i think its most powerful moment may have been when people came into massachusetts and elected scott brown. i don't want to get savaged here but i always have people asking me about the tea parties now. i kind of feel like they are asking me about a band that broke up last summer. >> joe, totally agree. the media was late to the story and trying to correct by that on the theory that nothing succeeds like success. >> i think you agree with me,
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john, they are overcorrecting right now, aren't they? >> to my eye, they are, yes. >> i think they are. also, a guy that distanced an entire state for george w. bush. now they are going to do the same thing to the tea parties they did to god in 2004 after george w. bush. do you remember george w. bush won and all of these angry people on the left blamed god. god delusion! god is terrible! god! >> okay. ! >> christians. as john said, they are trying to sell books but i think they are overreacting. >> i don't agree with you on that. the tea party, i saw a poll quite recently which 21% of the people said they could vote for the tea party which is astonishing number and they are on to an issue that grabs americans and that is the excessive debt we are accumulating because families have too much mortgage debt and too much consumer debt and they understand this and this really has resonance in this country and it's the number one issue --
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>> it does. but here is the problem. people try to make the tea party dangerous and try to make the tea party, you know, people marching around with guns. mike barnicle was asked by "newsweek" to write a story on the tea party on scott brown. he walks around and expecting people in cameos in boston. he is like mary katherine gal a ger! you've worked for every democrat. they were democrats who had enough. >> deficit drives them. mislabeled. >> john hay ris, thank you so much. >> john, fascinating story. >> talk to you later in the show. coming up, our friend carole king will be here to talk about her tour with james taylor. >> she is so beautiful. >> did you watch her perform? >> no. >> a huge upset in the world cup. we mentioned at the top of the show. one of the tournament favorites with a shocking loss. >> the small people win! the small people win! >> next. >> go to break.
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as your risk of heart attack or stroke may increase. people with stomach ulcers or conditions that cause bleeding should not use plavix. taking plavix alone or with some other medicines, including aspirin, may increase bleeding risk, so tell your doctor when planning surgery. tell your doctor all medicines you take, including aspirin, especially if you've had a stroke. if fever, unexplained weakness or confusion develops, tell your doctor promptly. these may be signs of ttp, a rare but potentially life-threatening condition, reported sometimes less than 2 weeks after starting plavix. other rare but serious side effects may occur. ♪ >> top of the rock for you. welcome back to "morning joe." time for a look at some of today's top stories on thissing iffy morning. this. "the wall street journal" reports a federal investigators
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will tell congress today -- will you stop peeking? >> to my left or right? >> don't peek! you're like a peeping tom. just stay over there. >> stop it! >> all right. we could have a one shot. >> people, it's a show. >> it's an exhibit. exhibition, right? >> let me try this again. >> put on a show every day. >> let's do the show. >> is it every day? >> every hour on the hour. >> can we do "morning joe" from there? >> we should. >> awesome. >> do you have any news today? >> i do. this morning's "the wall street journal" reports that a federal investigator will tell congress today the agency in charge of regulating offshore drilling lacks kroongs and is understaffed. they are carry out the -- furthermore t says mms workers operate relatively independently
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with little direction on what must be inspected. senior pentagon officials are urging congress for patience as troops try to stabilize the afghan city of kandahar. testifying before the senate yesterday, the top brass, including general david petraeus insisted the u.s.-led effort is advancing. petraeus who collapsed during testimony a day earlier but quickly recovered endorsed president obama's order to pull out of afghanistan starting next summer. >> let's -- seriously, let's practice patience after u.s. troops have already been in afghanistan for a decade, after mccrystal's plan has hit one bump after another and having problems down in kandahar, let's be patient. another ten years? seriously, this is the stupidest, stupidest thing and republicans running around all going, we need to stay longer.
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are you serious? >> when you put in a projected deadline for your troops, all the taliban does is sort of hang in the background and such a counterproductive proposal. you know? everybody knows it in the region. i was with some senior pakistani officials just last night. they were saying why did he do that? it works directly contrary to what we hope to do. they will wait on the sidelines until july of next year. >> i understand that argument. but understand the taliban are going to wait forever. seriously, if we said we're staying there for five years, they would wait because they are going to be there in five years. they are going to be there in 50 years, they will be there in 500 years. how many more americans die in afghanistan? >> before we were there, the russians were there. you read how the russians got mauled by the taliban. >> understand we were there in 2001, 5, 6, 7. i understand that, but at this point, i'veyet to have a
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foreign policy expert on this show tell me afghanistan is a national epi center as it was in 2001. where is the issue? the issue is in pakistan. as joe biden says why are we spending a 50 times the money in afghanistan as we are in pakistan. barnicle, you're from boston. do you know how many politicians you could bribe with $50 billion? >> to your point, five years from now, the taliban will be there. they will be there because they live there. >> right. >> five years from now, if we left today would afghanistan look any different five years from now than it does today, no. >> you know the minerals found there that are vital some. >> like the oil in iraq? >> apparently they worth three trillion dollars, three times more than -- >> that is a game-changer. you know what else is a game-changer? the swiss! the swiss! >> can you believe this, mike barnicle some.
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>> shock! >> huge upset yesterday at the world cup. one of the tournament favorites, spain. >> spain, one of the best teams. >> taking on switzerland. not so highly regarded. spain in red. switzerland in white. the only goal there. a broken play! nelson fernandez pops in the rebound. look at this. >> willie, seriously. >> wow. >> spain is so good. every one of their players. oh, my god. this is -- >> switzerland beats spain 1-0. only spain's second loss in its last 50 games if you can believe that. >> only other loss to? >> united states of america last year. >> really? >> yeah, last year. >> we're good. we're solid. >> sfrirk south african goalie trips up suares.
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the backup goalie comes in to try to stop the penalty kick. >> this isn't going to be good. >> it doesn't fare very well. second goal of the game there. uruguay wins. >> uruguay was won two world cups and haven't won in 50 years but two world cups. i'm wondering if south africa is out of the tournament do they lead with south africa? >> i was wondering the same thing. >> please, let's hope so. other big world cup news we have to report to you here. kim jong-il reportedly, according to sources in north korea, communitying with the north korean coach through an invisible phone. espn cites a spokesman for the coach who says he has received regular tactical advice through coaches using mobile phones not available through the naked eye and kim jong-il created this
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technology outline all by himself. >> a lot of people twitter saying you bring charlie on, the phillies win. >> charlie manuel and it doesn't happy when you have the 47-year-old on the mound, jamie moyer. phillies and yankees. rematch of the world series. ryan howard taking a.j. burnett deep in the third inning to center field. his 11th home run of the year. phillies up 5-1 and led pretty much all the way. this is the next batter, jayson werth. shot the other way. back-to-back home runs. jamie moyer, the left-hander for the phillies, 47 years old, 47 and 155 days we should say. three hits. two of them were home runs. the other infield single. he kind of dominated the yankees for eight innings. phillies beat the yanks 6-3. >> how old is he? >> 47 1/2. >> digger phelps son-in-law. >> really? >> true story.
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>> stair. >> tim lincecum, watch this. a line drive off the bat of miguel tejada. this is one of the best pitchers in the majors right here. taking a shot off his pitching shoulder. let's watch it again. he had to leave the game. that's just a laser off his shoulder. he had struck out ten hitters before that. he did leave the game. he says he is just fine. iced it down and be a little bruise but he is is okay. >> good news there. >> you know what i'm doing? >> what is that? >> i'm on the phone with kim jong-il. >> i see that ear piece. by the way, great day today in sports. game seven of the nba finals. u.s. open starts at pebble beach. tiger woods back playing. he got world cup, france, mexico. phillies/yankees. a great day in sports today. >> does tiger make the cut? >> yes. rb robert gibbs takes on the pundits who blast president obama for his oval office address. he was not kind.
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♪ if the president had decided to run for president based on what the pundits were saying in december of 2006 and january of 2007, he would be in the senate. no, no, hold on. i appreciate the pulse, the hand on the pulse of america by those that live on cable tv. i don't actually think that's where all of real america lives.
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♪ >> all right. >> we can check. >> i'll check. >> no, they are not here. he is right. gibby is right again. >> you don't see small people either. >> they are in my hometown. >> all right. this is an interesting must read. "the new york times." the boring speech policy, gale collins makes a really good point. mike barnicle, i hope you listen to this. as a political leader, barack obama seems to know what he is doing. his unsatisfying call for a new energy policy sounded very much like the rhetoric on health care reform that used to drive democrats nuts. open to all ideas, can't afford inaction if we can put a man on the moon. ironic. the man we elected because we hoped his feel good campaign speeches might translate into achievement is actually a guy who is going to achieve even if his presidential speeches leave us feeling blah.
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>> mike, you were left feeling blah. >> you know, i think a lot of it has to do with look what -- let's be honest. here many people within the media covering that presidential campaign were on board that campaign fully. and i think they, along with a lot of americans who voted for barack obama, now feel a sense of disappointment because they thought by their vote we were going to enter this new post partisan world and he was going to be very different. the situation, the reality of it precludes him from being different, really. the partisan in washington didn't change with his election and i think there's a sense of disappointment along a lot of people because it has less to do with his performance and his ability. he is certainly capable. he is certainly smart. but the disappointment factor is at issue. >> it's about expectations of george w. bush delivered the same speech, perhaps americans would say, he did a great job. barack obama's expectations are so high. >> certainly the expectations
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were high but there is another thing about barack obama's performance as president. he has given so many speeches, so many days, the country basically is tired of listening to him. you know, you look at the decline in his audience. he was giving 50 million people watched hit health care speech and 25 million watched his economic speech. the audience is disappearing because he is overexposed so you don't have the sense of drama or importance when he gives these addresses because he speaks all the time and i think they've wasted a lot of the impact he had on the american public. >> joe and i sgrooe on this because you've talked about that and i just actually think he it is great he is engaged and available all the time and talking after the meeting with bp yesterday and making it very clear where we stand methodically every step of the way. >> we talked this a year ago. if you put a president as much as his presence is put out, if you put him out for five sunday talk shows and jay leno, you can go through the list. it happens in every presidency.
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at some point, seeing the president on tv is not a special event. i remember ronald reagan in the second term, 1986, it didn't matter what reagan said, nobody listened any more. they had turned him off. i'm not saying president obama is there right now, but no doubt with the big decline in ratings of the people watching his speeches -- >> but that is as a result the media has changed. it's not exciting for anybody to be on tv any more. >> that's not true. >> get over it. there are cameras everywhere. there is the internet. i think this administration is adapting to what is the new norm and it's not special to be on tv any more. >> goes on tv and americans don't see that event very often, they stop and they watch. don't worry. i got over myself a long time ago. >> i'm not talking about you. >> it's not like people are following the president around with a camera phone.
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i got to say, i agree with mort. part of this is an overexposure. >> and there is another thing. you know, he's made a lot of sort of optimistic projections about what was going to happen in the first year. they haven't happened. things have gotten worse. >> that's true. >> in economic terms and so many other ways. so the people stop believing him and why he has to be very careful. he has a -- the impact he might have on the american public. >> i think that's the bigger issue with the economy which is possible. >> the economy and the bp spill continues. you could go through the list of great challenges. iran, afghanistan. but let's face it. this is when you find out what a president is made of. this happens. i got to keep repeating this. this happens all the time. it's not because i've got a crystal ball. it's because i've got books and you can read the histories of every single presidency and every presidency goes through this type of time here. how do you respond to that? do you respond like reagan did or do you respond like carter
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did? do you respond like bill clinton did in '94 when he just completely turned the ship around and was a droit? that is the question. >> you want to hear this quickly. >> i saw this in "the times" yesterday and was shocked that new york was behind the other 49 states in this area. >> divorce. no fault style. "the new york times" 40 years after the first true no-fault divorce law went into effect in california, new york appears to be on the verge of finally joining the other 49 states in allowing people to end a marriage without having to establish that their spouse was at fault. supporters argue that no-fault will reduce litigation and conflict between divorcing couples. opponents claim it will raise new york's divorce rate and hurt women financially so who is right? before no-fought, most states required one spouse to provide evidence of the other spouse's wrong doing like adultery or cruelty for a divorce to be granted, even if both partners wanted out.
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>> i'm surprised new york still didn't have no-fault. as a consumer of no-fault divorce, it's good! the reason why it's good is because if you have children, if you have children, you don't have to sit and write down this marriage didn't work out because and then the husband fills in all of the nasty things about the wife and then the wife fills out the nasty things about the husband. >> i totally disagree with that. >> it hurts the children. >> i could see how some women would be left -- >> 49 other states. >> can you believe that? i don't understand i either read into it more they are protecting women. >> financially because there are some women who devote their lives to their husbands and then are left and they have nothing and no skills. that's the problem. >> this doesn't take away alimony at all. >> impact it. carole king is coming up.
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is it time? please? >> it's time for news you can't use. i don't know. this might be semiuseful. >> what some why? >> it's not fun. a lot of story a lot of people are talking about. video released yesterday from seattle. a seattle police officer punching a 17-year-old girl in the face. there is the back story. the busy road you see behind them, they've had problems with jaywalking there. >> that is enough.
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we've seen it twice. >> he yelled at one girl who was jaywalking to come back. she ignored her. he approached her and her friend shoved the police and you saw him punch the girl. interesting the police union had this to say of the officer. he did nothing wrong. if anything, i think he maybe waited a little too long to engage in force because i think he was trying to defuse the situation and calm people down. it was obvious from the audio that the two individuals were not going to be calmed down. the police union saying the officer was reacting because they chose to escalate the situation. >> all righty. >> what else you got in your bag of tricks there? >> i don't know what to -- >> what else you got? >> i don't like that. >> whenever anybody doesn't want to get arrested, gets arrested, it's going to look lugly, ugly. no matter what the situation is jay walking or anything. >> punching a 17-year-old in the mug? >> i understand, i understand.
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>> how much time do we have left to kill here? willie? >> we were going to have -- >> you think there was going to be a debate there? >> i thought we would have a big discussion about police brutality. >> are you kidding? >> you remember the bull fighter jumping over the wall? cue that thing up. >> do it later. >> what is coming up next? >> residents are steaming mad after bp's chairman called them, quote, small people. the nation's katrina vanden huevel and chuck to do talk about the fallout next. [ male announcer ] looks clean, doesn't it? but look below the surface. your mouth is no different. brushing leaves teeth looking clean, but millions of plaque and gingivitis germs are left behind. a quick 30-second rinse with listerine® antiseptic cleans deeper. [ boom! ] its unique penetrating formula destroys germs [ boom! ] brushing leaves behind.
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♪ a live look at times square. it is 7:00 on the east coast. welcome back to "morning joe." we have mike barnicle still with us. joining us now is editor of the "the nation" magazine, katrina vanden heuvel. >> ask her. >> ask her? >> ask her. >> are you one of the many supporters -- are you one of the supporters of the president's speech? >> would you like me to do it? how is the ambien working right now? >> that is is not nice. >> is that the role you will play for us today on "morning joe," a supporter of the president's speech? >> i don't play roles. i do think the reaction, the criticism of the president's speech is out of proportion to
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what i heard and what i read. i read the speech. i mean, maybe his manner of delivery wasn't passionate or angry enough but i think he did what he needed to do. he laid out a sense of the recovery and restoration, not only of the gulf coast but of an economy that is battered. he talked about holding bp accountable. he talked about the corporation's recklessness which i think is critical. and he talked about getting us off our addiction to oil and how this was larger than an oil spill. this is a moment where we need to take stock of what kind of country we are. are we going to control our own destiny? there was a lack -- you know, there weren't the precise details. people were battering him because he didn't give the amount of money he was going to hold bp up for as he should. why should he? he was going into negotiations the next day. $20 billion remind you is a starting point. if he had laid it out in that -- i mean, yeah, we've gone from 75 million cap to now 20.
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there should be criminal investigations. i thought it was humane. there was a sense of the workers' lives lost, those who had been injured and what happened to the land in the gulf coast and what was going on in this economy. finally i thought he linked it to the economic crisis into the real crisis of our moment which is joblessness. he talked about if we build a cleaner economy, you could grow the economy. you could create millions of jobs. now, yeah, words, we need deeds. but for those so critical, i think people are seeking what they are seeking rather than trying to deal with it on its own terms. >> you say words. >> humane. >> humane. >> words just words we need deeds. you said the next day, deeds. $20 billion. >> exactly. >> of deeds that are going to help my friends in pensacola. >> right. >> alabama, mississippi, louisiana, across the gulf coast. shrimpers. people that run motels, people that run small businesses. $20 billion a lot of deeds
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there. i'll tell you one other thing really quickly, too. listen. let's just face it. since the beginning of this process, the president has been bashed for his lack of style which is extraordinarily ironic. you you understand lined this immediately. i think the president moved in a direction that a lot of americans, a style that a lot of americans are comfortable with. i love how he ended the speech like bill clinton and other presidents, he skoted scripture and then he started talking about the blessing of the fleet. >> it was root in the traditions of the community and it wasn't someone kind of sitting isolated in washington. he kind of -- so i -- >> that is is -- >> i think humanity that speaks. at this time of anger in this country, this time of polarization when you have republicans using anything they can to demean, debase, and
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obstruct. i think, you know, he's -- he has been a president of cascading crises and the fact that he used the oval office after near financial collapse, still need a stronger recovery, two wars, for this, suggest that he sees this as more than just an oil spill. he sees it as a moment of crisis converging, that he needs to take and move this country beyond. everyone says he didn't use it enough to launch that national mission. he spoke in the speech about how we need a national mission to unleash america's innovation and seize control of our own destiny. >> so, again, stylistically, while he may have been flat for a a lot of people, i think he used, mike barnicle, some devices at a stylistic flourish of the end that might be a good way forward for him. >> we have some information, some hard information on the $20 billion that we've been talking about. this is from nbc's pete williams now as they look for a the
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agreement. it's fully funded by the end of 2013. the company will put $a billion, bp put $5 billion into the escrow account by the end of the year and 3 billion and then 2 billion for ken feinberg to administer. sqp but in my mind harken back to the clip we showed earlier from "the daily show" last night of a series of president, beginning with richard nixon talking about the need to address our energy crisis. >> energy addiction, yes. >> it dawns on you, joe. this is your former business. all of these politicians, they come to this issue with either a two-year term, a four-year term as president or a six-year term as senator. this is going to take a lot longer to address in order to wean ourselves off middle eastern oil. >> but it could be done more
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urgently. i do think tsh. >> when? richard mix incomeson, nixon, that is 40 years ago! >> now we are at a crisis moment. people think about this as pain, malaise. we could, very quickly, with modest investment, through efficiency, through alternative energy, through redirection of tax subsidies and tax breaks make an effect. all of these people attacking obama should remember that we, americans, are responsible, have a responsibility. we consume massive amounts of oil. let's get more efficient! let's take some responsibility of our own. >> when richard nixon was talking, it was probably after the opec boy kolt. when jimmy carter was talking, probably after the iran crisis. we had a crisis in america after katrina and gas prices went up to $4 a gallon and remember suddenly everybody wanted to buy small cars. we always forget. >> car companies couldn't accept
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fuel efficiency standards. modest things which help. >> right. okay. >> but the wars we fight, there are many reasons but a major one is oil/oil. this is a national security issue. >> you say a major issue. wait a minute. if iraq were in central africa, do you think one american would have fought there? >> there is a lot of oil in -- seriously. >> let's go to chuck todd. >> corporate accountability i think is key also and i think president obama spoke to it that. >> i want to key up our conversation with chuck todd who is joining us from the white house with this comment that was made by i guess one of the chairman of bp. he was describing after his meeting at the white house yesterday -- >> my peeps. >> the people that you grew up with that you represented, apparently they are -- >> just gave $20 billion. let's take a listen to his
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valedictorian speech. >> we care about the small people. i hear sometimes that large oil companies are greedy companies who don't care. but that is not the case in bp. we care about the small people. >> oh, well. it was a good meeting, though. chuck some. >> it's funny hearing that happen, it was live. i was standing right here actually doing something with tam ron hal. you cringe and realize this is some sort of translation issue and you're just going, wow, bp, you thought you had a pr problem before. it only seems to get worse. i tell you, if -- bp is a gift, frankly, to the rest of washington, to this white house, to everybody else, because as angry as folks may get every once in a while on what the government is doing, bp always says, no, no, pay attention to me, we will make you angrier and
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they certainly did it again yesterday. >> let's talk about the $20 billion the president got from bp. that is $10 billion more than the guy that is running the weed whacker in the back room is willing to give. >> like the world cup! >> that's a significant amount, chuck. what is the white house's reaction this morning? do they feel like they got a good deal for americans? >> what a difference a day makes. think about the conversation being had yesterday and this hand-wringing over this speech. you do wonder, but you know in a perfect world they wish they had that deal to announce in a prime time speech so that everybody could stop their hand-wringing over the speech. move that aside. it's a big deal. bp basically caved on every issue because over the last -- this is a deal that they had been trying to cut the last five or six days. carol browner and bob were the chief liaisons here with the bp folks trying to get them to
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agree to the third-party and agree to a ken feinberg and ghemt to agree to the 20 billion dollar figure and hammering that issue out and how to deal with the unemployed oil rig workers. essentially bp caved on every issue. the 20 billion. the fact it doesn't mean they can't be sued even over and above the 20 billion and threw a hundred million into a fund and, yes, only cover a partial loss of wages for the unemployed oil rig workers but it is a start. 500 million for ten years of health research on workers and other aspects of this down in the gulf having to deal with this oil spill. so it was, while bp may have been putting up a little bit of a fight 48 hours ago, by the time they got in that white house, they seemed to -- what anybody wants to say about the white house, this is a big victory for them. >> i wonder, joe, i mean, they
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are trying to manage expectations as this thing continues to spew into the gulf. but there are things that can be done. i wonder if the president's address had been after the meeting with bp if that might have made a difference. >> i'm sure that would have been important but when we talk about words and deeds with katrina a minute ago and had the words a couple of nights ago, i would say this is a pretty good story the next day. the fact that this president got $20 billion voluntarily from a corporation. there are, of course, on the right saying this is the end of freedom as we know it. >> they wouldn't know freedom -- >> they say that every day. >> bp decided. bp didn't have to give $20 billion. bp gave $20 billion because they felt the pressure from this white house. >> he got it done. >> $20 billion is less than the profit bp has made in last 15 months. >> oh, yes. >> so what i think is key is that the criminal investigation
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goes on. the civil lawsuits go on. they are looking at 260,000 a day, i think. >> they were not given a sweet deal. >> i think the pressure needs to stay on bp and not just bp. there was a hearing in congress on tuesday, the congressman markie. you had chevron, shell, other big oil companies. they were not unbowed and talked about how the oil spill was an aberration and when asked about their plans to deal with risk, carbon copy of bp's. i think we need overall look at the oil industry and the recklessness that president obama talked about. >> chuck, talk about what the mice does now. listen. this is a crisis that will continue for some time. >> right. >> it is a marathon, not a sprint. and we could have our bp briefings with you every morning. what is the white house going to do today to show they care? it sounds ridiculous, but they are at a stage in this crisis where i think they are turning the corner but as you certainly
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know, as our political director, it's going to require daily intervention by the white house. what is on tap for today? >> look. the number one issue, let's remember, you know, i don't think anybody is going to cut anybody slack in this thing until that hole is plugged and, ultimately, until that hole is plugged, there is always going to be, i think, politically or however you want to describe it, this white house and everybody touching this oil spill is on a knife's edge because as oil keeps coming. now, the next aspect of this and the next focus is making sure that what bp said they could do about containing oil. apparently thad allen said yesterday they get to 53,000 barrels a day they can contain by the end of month. they are going to change the cap where basically they are going to actually -- they think this cap will stop all oil almost completely. >> wow. >> by the end of july if they
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can contain 80,000. i'll than honest that almost should be everything at this point and i think the next thing they fear, joe, is oil coming on those beaches in florida. that's the next page where this story turns and i think anything they can do to prevent that catastrophe from happening or at least make it less of a big deal, the better for them. >> chuck, let me ask you. you said thad allen thinks they can capture 53,000 barrels of oil a day, right? >> by the end of june, the way they -- >> by the end of june. how fascinating at the beginning of this crisis we were told only 2 to 3,000 gallons of oil were leaking out per day. now they are talking about capturing 53,000, 54,000 gallons a day to show you how wildly inaccurate -- >> darls. >> barrels, i mean. how wildly inaccurate early estimates were. i have to tip my hat to "the new york times." three weeks ago they had an article on page one after they
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talked to scientists when they said it was maybe 5,000 to 10 thousand how barrels. they said probably closer to 60,000 barrels. they had right, didn't they? >> the scientists have been ahead of the game on this the entire time. what the government's response on this is it's sort of like well, why does it look as if you're estimates are catching up? they say because they are getting better ways to measure now over -- look. that is the truth. they are finally getting ways to measure the pressure better. before, all of these estimates were being done via video. now they at least have data down 5,000 feet below the water. >> chuck, thank you. >> all right. >> breaking news. some people not satisfied with the news you can't use. a little too heavy and serious. >> it was awful. it stank. >> this is what i meant to show you. >> is that the smoker? >> that is a brazilian baby apparently celebrating the win over north korea.
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>> is that a computer-generated thing? >> some people suspect this youtube hit has been doctored in some way. looks good to me. is that good enough for you, mika? >> he is too close to the edge of the table! oh! all right. coming up -- >> that is a mitigating factor. good job, willie. >> thank you, once again, bringing to us the hard-hitting world cup news that other networks are afraid to show. >> next up is jim cramer. speaking of billions, warren buffett teams up with the gates to push billionaires to give away half their wealth. "fortune" andy serwer will give us the latest on this. the may numbers incredible. warmest temperatures we've ever seen in the land areas measured
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♪ president obama made a lot of promises that he can't possibly keep. i mean, it's like he is campaigning again. really! he assured the nation that the gulf will be cleaned up and restored to even greater beauty and prosperity. well, you know what that means? he started drinking. obama means business and he had the meeting and he is demanding
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that british petroleum clean up the gulf. i'm saying good luck! they can't even clean up their gas station restrooms. have you ever been been in one of those? >> the sun is coming up over the white house this morning. it is a new day. we still have with your mike barnicle and mort zumerman and with us now is jim cramer. he has a special edition of "mad mono "tonight with investment advice for families on at 6:00 and 11:00 p.m. on cnbc. i like that. >> thank you. >> joining us from boston is managing editor of "fortune" magazine, andy serwer. they take a look at the campaign by warren buffett and bill and melinda gates for billionaires to give away half of their wealth to charities. i like it, andy. talk about that in a minute. let's first get to the headlines. $first of all, $20 billion. also not a lot of strings
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attached at this point. how would you assess the deal that the president cut? >> we know that it's not a sealing. we know this company generated $6 billion a year in cash flow and had the ability to do 20 billion but 48 billion would be reasonable but 20 billion is a good start. the company eliminates their dividend, so what? the pensioners may be squawking in britt but the truth is this company has the money it needs to take care of it and the president didn't wipe it out and that was good. >> what was your reaction to his oval office address? >> i thought it was terrific. i did. people thought it was boring. look. he is taking all of the right actions. he got fooled. we all got fooled. they came on "today" show and said a thousand barrels. it cost 500,000 a day to drill. were we in belief they were taking that beating every day? this is now we have discovered the largest fine in the history
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of this hemisphere. it's a hundred million barrels. why don't they talk about this? they knew it. they told us -- they sandbagged us like i've never seen us sandbagged in our lives. >> if the objective is to stop this, do you believe that every option is on the table in terms of -- >> they ruled out the nuclear option. i think we realized if it was only a thousand barrels what everything they did was right. if it was 60,000 barrels there should have been much more radical action. the president is like all of us and believed that there was a certain amount of oil coming out. but the economics, the math didn't make sense. always had to be more than a thousand. it had to be at least 70 dollars a barrel they had to be making 40,000 to 50,000 of that coming out a day. why didn't they tell us that? why didn't they tell us?
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>> mort? >> you just think about if they had handled this properly, it would have been a giant hit for the company. it was a giant hit but not the one they specked expected. i think such chaos in terms of what is happening. it's hard to figure that out. i think they genuinely thought they could get some of this under control and the federal agency that was involved swa similarly supporting them. where do people like us get any idea how to put a handle on this thing? >> they were overoptimistic. >> for sure. >> worried about protecting this giant find they didn't want anybody else involved. >> let's bring andy serwer in this. andy, in terms of this agreement and the suspension of dividends, this seems to me that bp is being, you know, put front and center in terms of accountability and everybody involved with bp is going to be paying. >> well, let's face it, though.
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mika, it's going to be a lot more than $20 billion. is there a report out there morning one wall street analyst saying bp is looking at 63 billion of liability, that includes the 20 billion. as jim pointed out, you know, they've got cash flow earnings, depending on how you look at it, in excess of $20 billion a year right now. now you're talking about three, maybe four years of earnings. people talking about the company going bankrupt. pensioners in britt would be veryup set about that in britain and not great for british-american relations, of course. but this company is going to be in the dog house for many, many years right now. and other interesting stuff is that other big oil companies are looking at spills around the globe of similar magnitude. this one just happens to be front and center on american shores. >> andy, tell us about the $600 billion challenge. and is anybody going to take you up on it? >> well, it's not my challenge,
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mika, but it's warren buffett and the gates' challenge. it's a fascinating story about how these two billionaires who have been very philanthropic are saying it's time to 30e7b pony up. we shouldn't be the only ones doing it. four billionaires have decided to go ahead and sign on this dotted line. but i think what they are going to do is pressure some of these other very, very rich people to do that and, you know, it's a really interesting issue. you know, of course warren buffett has been outspoken about the estate tax. he is against passing on great majority of your wealth to your kids. a lot of people aren't going to be comfortable with that, but, so far, you know, john dorr and the mortgages from cisco systems and others have decided they will pledge 50% of their wealth to philanthropy. >> i remember during the
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financial crisis. i think my dad came on the show actually and said that the people running away with hundreds of millions of dollars ought to think about creating a fund to help rebuild this nation's economy or help people -- people looked at him like he was crazy but there is a certain sense of moral responsibility, i think you have when you are so blessed with too much and i don't understand why -- mort, are you going to do it? >> i tell you, i have met with these folks. >> really? >> they have a really serious meeting of a group of people just to sort of expand everybody's view of philanthropy and it was impressive. i was approached by these people. i just got the letter yesterday. i think with whatever happens in terms of specific percentages, they have no doubt raised the level and raised the bar for a lot of people who are wealthy to increase their contributions to various philanthropies. >> andy, do you know if there is any push back or any rejections
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at this point? >> it's interesting. it's very interesting what mort said. there are some billionaires apparently very wealthy people who is a said you know what? we're just not interested in doing that. other families have incredible records doing this and, mort, you know the rockefellers, of course, are one of the great philanthropic families in our country. david rockefeller was involved in this meeting. george sorro is a philanthropic guy as well. >> andy serwer, thank you so much. we will see what happens there. jim cramer, will you stay with us? >> yes. >> this country is by far and away in terms of percentage of income the most frap country in the world by far. there's a great deal of that and it's traditional in this country in a way that doesn't exit in any other country. >> the gates and warren buffett
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trying to raise the bar. thank you, mort zuckerman, as well. coming up, world cup shock. the highlights are next. and standing by in the green room, carole king and rick sten gel. okay, one more time. where do we stand? less travel? more video conferences? limit the cell phone minutes. that's not good enough. we're not leaving this room unless we can cut something else. can they really keep us here? what about all this stuff? what stuff? all this stuff. what does it cost to create all this? time, effort, people. how much? it could be millions. ♪ millions. [ male announcer ] save money.
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♪ ♪ >> with us now for a world cub breakdown to the tune of, co-host of espn.com's "off the ball" roger is with us. everything you need to know about the planet's biggest sporting event. many americans are tuning in to the world cup for the first time. we talked about how it was dull a couple of days ago. it ain't dull any more. could you explain the gravity of spain, one of the best teams in the world, losing to little switzerland snp is? is this one of the biggest
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upsets in world cup history? >> world cup saved its best to last but we didn't know it was switzerland. >> now spain is, what? the third -- >> they were the favorite. they were the favorites and i think the mental pressure got to them. >> just a little bit of background. pain won euro in 2008 and people said they finally broke the jinx. like the english, they are head cases. is it true or not? >> it is true approximate the pressure of that team being favorites is a little too much. the bull, they couldn't play that free flowing game. switzerland didn't have the same problem because they barely touched the ball. >> south africa host country yesterday got pounded. we hope the trumpets go away. >> the love affair is gone. >> the thrill is gone, baby. >> they are the first host probably not to qualify which will take the pressure off the united states if they get the world cup here in years to come.
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>> it's not pretty. the favorite team stylistically early. >> he picked them early. >> they looked good. by the way, chile won. riots in chile. >> i love this game! >> that's when you know you have a proper nation. we'll see how america reacts to a win on friday. we have to be ready. >> were you pleased yesterday with the pace? it's gotten exciting. 24 hours later. >> what made it a real world cup is off the field. two greats of the game started to go after it so we know it is a world cup now. >> one of the greatest players of all time. >> absolutely. >> you talk about psychologically suspect. this guy is a head case, a basket case. >> who are you talking about? >> he is managing probably one of the best teams in the world in argentina and people are
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saying they won't win it for one reason -- because he is crazy. >> what is the history? you say they always go at it. what is the history between the two? >> brazil and argentina, two soccer powers and a battle who truly was the greatest performer of all time and they always take a swing at each other. it means in 2010 we have a world cup proper. >> jim? >> this is interesting moment because the two countries that are most on the ropes economically greece and spain, most could have used the uplift. this couldn't happen at a worst time for spain. the country is in a big down moment. >> all of the pick nations were highly favored. the problem is the economic boost is always temporary so maybe it's good that they are all looking -- >> realism. >> by the way, people might say that's an overstatement. the thing is country shut down. countries shut down when their team plays in the world cup.
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>> absolutely. >> americans jump out of windows when the stock market crashes. other countries jump out of windows when their team -- >> look at that green room. >> drinking in restaurants and -- >> maybe i need to move to england. >> carole king and rudy giuliani coming up next. ♪ you know we can get there easily ♪ [ female announcer ] number one dad lost his number one status when he forgot to make the morning coffee. so world's best mom was more than happy to make a cup of delicious starbucks via. she got to the office just in time to save best friend forever from the office coffee.
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♪ welcome back to "morning joe." 41 past. with us now is "times" managing editor rick stengel. welcome, rick. >> buzzing around here this morning. >> very buzzi. jim cramer is here. >> cramer, "mad money." >> thank you very much. >> mike barnicle is here. >> that is huge. also, carole king. you were in the green room with
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her. is she not a wonderful person? >> lovely, lovely person. >> carole, you, rudy and you looked interesting. >> did we put carole and rudy in the same room? >> we did. >> i will say she is the most gracious person ever to fill the madison square garden three nights. >> it was amazing last night! she's got a voice! >> so you both went last night? >> mika went last night. i went the night before. >> you have a lot of fans. >> i will tell you just unbelievable performance. strong voice. wonderful. i've been to a lot of concerts. there was an intimate feel. >> uh-huh. >> with carole king and james taylor on that stage in the round and it could have been a small nightclub. it had this wonderful family feel in the garden.
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that's pretty special. >> what was the audience like? >> they were all smoking pot and they had -- no, they were -- it was a mix. young, old. >> it was really interesting mix. >> it was like a mccartney concert which is always a very special thing. >> i hadn't been to a concert in a long time. >> mika hasn't been to a concert since nat king cole in '54. >> it has been a long time. >> we're running out of time. >> it's a little better of after a happy subject, this is actually a little bit of a grim one. >> all right. >> it's about the next great financial crisis facing america. crisis of the states. the fact that the states are going bankrupt. there's a license plate saying your state, bankrupt. there is about 150 billion dollar gap between what the states are taking in and what they owe. >> the crisis is coming. >> this crisis is coming. there are 40 states that are near default. tax revenues have gone down for
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obvious reasons because of the economy and the real estate crisis and medicaid costs are going going up and education costs are going up. the states unlike the federal government are required to balance their budgets so they have to make those cuts. they can't borrow against it. >> the political crisis will be acute. the president in washington not allowed another stimulus package. the states need the money desperately. it's not coming. >> the stimulus package was a huge band eight -- band-aid for the states last year. states are left high and dry now. >> the political impact in the states is immediate. unlike presidential elections, because of the impact of the costs and the cuts and costs, you go to get a license renewed, you go to register an automobile, the lines are now an hour and a half to two hours where they were a half hour to 20 minutes because of the cutbacks the. >> the garbage is not collected and fewer policemen. one state a governor said buy a
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gun because there are fewer cops. millions of people are immediately affected by this. >> teachers are going to be fired. this is a crisis with no silver lining, rick. i would love to say there is a way to fix this problem. only way for things to get better, i would guess, tell me if i'm wrong, is for the economy to turn around and revenues to rise. but, right now, revenues are way down for the states. >> there are some people who think the silver lining is maybe the states got too bloated when they thought everything was going to get better. if you look at the last few years, if you're a public employee versus a private employee you're way off better being a public employee. jobs have increased. your pensions have increased. you've been protected. so some people who say, well, now maybe they get -- >> and in that respect, this is chris christie time. saying you're not paying zero% into your benefits any more. this guy is on the cutting edge,
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chris christie. >> i testified for him in a case and got to know him pretty well. he is a courageous man. a lot of people feel he will never get a second term. >> lead of the story, david wrote our story and chris christie is the opening ist he is taking them on. he is a hero of a lot of people but not if you're a teacher. >> i said to chris christie, you're not going to get re-elected if you keep telling the truth. he says, "i don't care." and he doesn't! >> he is governing like a one-termer. >> you know what happens to politicians? the one-termer, they always two termers. when they say i don't care if i get reelected and they don't care, voters pick it up. they can smell it. >> i'm going to see carole! >> i can't wait to see and read this article. americans need to understand it's coming soon.
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carole king and james taylor. they're together again for a worldwide reunion tour. they played last night at madison square garden here in new york city. >> your first concert since the victory tour in '04. >> he's not joking. >> no. >> okay. >> i've been to certain concerts but this was amazing and, boy, did we have a great time. incredible view of the two of you on stage and incredible team of players with you, as well. it was such synergy. >> it's been amazing. we all say it's the best thing we have ever done. you know? feels good. >> feels right. >> yeah. >> and the chemistry between you two, remarkable. talk about the name of the tour and explain how you two met.
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>> james and i? >> didn't you meet at the tubodor? >> no. that's his story about how you heard "you've got a friend." no. i met him at peter ashford's home. guitar player. mutual guitar player introduced us. all part of the tour. >> all part of the tour. >> why. >> he talked about watching you on stage singing "you eve got a friend." >> right. he loved the song and he recorded it and didn't tell me and then he played it for me and i was like, yeah. when he calls me generous, you know, hearing it done by him was -- i didn't need to hear it done any better. >> yeah. >> so, so, when's it like coming home to new york? and going out there. >> it was great. >> an just feeling the love from 20,000 people. >> it's amazing. i mean, it -- james and i sometimes like reel back. it's -- it's amazing. it's amazing. you know what, though?
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we are very well aware that it's -- it's what we represent. it isn't us. but what we seem to represent to so many people, first of all, the soundtrack of a lot of people's lives. some from children and some discovering their mother's soundtrack. like that. and the other thing is that we seem to represent authenticity to people and i'm almost feeling like the success of the tour is because there's a hunger for harmony, authenticity. i mean, harmony in both sense. >> what does it take to move past thedy dif usness of the day. we have the crazies outnumbered. you say you're feeling that on the tour. >> i've been feeling that on the tour and also in my political work which i'm not doing at the moment because i'm busy. but there's a hunger to
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eliminate the divisiveness and i think a suggestion. just an idea so let's get the conversation going which is we have a weighted vote before the election. and that is with our money. for candidates. and i'm just saying to people, if you see an ad that is negative that makes you feel angry or fearful, don't send your money. >> yeah. >> and by like token, if you see an ad where a candidate's, you know, stands up and says who he or she is, what they have done in a way that isn't, you know, blow-hard or inflating themselves, just say this is what i stand for, this is what i believe, you may not agree with me, consider sending that a candidate your money or looking into what the candidate has done. that's what the ads are supposed to do and i think why they've
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done negative ads -- i have friena lot of friends in congress and they say negative ads work. let's make them stop working. >> that unfalse fear. >> i don't know they're going to in 2010. you look at the special elections in '09, attack ads. you look at what happened in '10. i think americans, mike, i think americans are getting tired of it. i think carole's exactly right. >> i don't think americans want it. you know? we certainly don't need it given the politics right now. but what i was i curious about is you and james taylor on the stage, the range of your music, and i think there is some people probably who expect that it would have an audience appeal to people our age or whatever but the range of the audience is the range of the country itself in terms of age group. has this surprised you? >> yes. totally. >> yeah? >> i mean, one thing on the level of younger people, more
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girls, which is now not even on the air anymore, but that brought a younger group to my work anyway because of that one song. and also, i was on the show. i had a little minor role in the show but it does surprise me and when's happening is they're tapping into something, younger people, that maybe they aren't getting. they're tapping into what we older people remember that more of a harmony, more of the music bringing us together. >> well, you and -- >> as a culture, as a society. >> yeah, yeah. >> you and james taylor, the first concert i saw at the spectrum, the end of the nixon regime. >> you don't remember that concert, do you? >> i did. actually, i have to tell you, i didn't know who you were. i came to see james taylor and introduced this album "tapestry." my 16-year-old on the ipod going to the shore listening to "tapestry." i thought, how could it happen?
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that's what we listen to. it was like -- nobody talking about it. no, dad. this is what we listen to. i was like, that's what i listened to. >> it is -- it does surprise me. >> i love it. >> and honestly, what -- james and i talk about this all the time. we really do realize that it isn't about us. it is about something -- it's about what we represent to people. and that makes me so happy. you know? it gives me hope. >> yeah. well, let's really quickly not to be negative at all but you are an environmentalist. what's happened in the gulf coast -- >> oh my gosh. >> got to be breaking your heart. >> it is heartbreaking but i have to say, you know, people say how do you think the president's doing? i think he is doing great. he isn't a magician. would that he were. >> right. >> when you are faced with a problem this mass i an all problems that have sort of -- i think katrina used the word cascading crises. perfect definition. he's tackling the problems.
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you know, one at a time. i'm going to give an analogy about the negativity. i'm on stage singing with james taylor. if there were people in the audience going "you suck" how functional would we be? >> okay. >> that's what people are doing to the president. >> do you think -- do you think it's easy for us to do the show? >> well, exactly. >> you know, give the man a chance to do what he's been elected to do. >> let me say, too, mika and i were surprised by the negativity even though i've been a tough critic of the president on a lot of domestic issues. my home region, the gulf coast, might explain to those of you that don't understand why i'm saying keep your head down and stay calm, some peoples lives and i guarantee you republicans, conservatives, libertarians, marxist across the gulf coast all are praying that the president gets it right. >> absolutely. carole king, thank you. >> thank you for coming in. on the "today" show tomorrow.
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performing on friday. >> yes. >> i'll be up there screaming. your girls screaming at justin bieber. >> and james. and james. >> james. your team. all right. check out we are site, as well. caroleking.com. and you can pick up their cd and dvd. check out the website. [ jet engine roaring ] hey! [ tires screech ] [ female announcer ] when business travel leaves you drained, re-charge with free high-speed internet and free hot breakfast. comfort suites. power up. two times with comfort suites or any choice hotel, you can feed a family of four. book now at choicehotels.com to start earning your $50 restaurant gift card.
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we care about the small people. i hear comments sometimes that large oil companies are greedy companies or don't care but that is not the case in bp. we care about the small people. >> wow. welcome back to "morning joe." at the top of the hour, that is a shame. talking to carole. >> what were you watching? >> played the "small people" bite. anyhow. okay. have a seat. still on the set -- >> listen. >> i was mika was trying to deliver information to other people. >> no, no, no. you know what? i just came back from -- i started -- >> beautiful in green and white. so pretty. >> i started this charity because i want to help. i really want to help the small people. >> what is it called? >> because i just feel as a guy that comes in at 6'4", you know,
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big dreams for small people. big dreams for small people. they just gave away -- >> would i qualify? you are taller than me. what is the height limit? >> can it for a minute. >> by the way, as we said before, you made a terrible mistake saying -- >> do you stand here and get money from joe's charity. >> he is back, by the way. dillon is back. >> i see. >> you know, mr. mayor, you are a snake bit corporation when you give away $20 billion and somehow manage to bury that lead. >> argues for the wisdom of using a translator when you don't speak english. who knows what the equivalent, better be good in swedish -- >> fishermen. >> oh my gosh, mika. >> oyster bed operator. >> help the small people.
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those little teeny weenie small people. >> stop. >> the translation. okay? maybe that means shrimper. swedish. >> it could. >> it could be. >> i'm sure he didn't mean it. now it's time for -- >> oh. >> all right. so let's talk really quickly. >> so they -- >> $20 billion. >> right. >> that's pretty good. >> significant. >> it's a -- >> nowadays that's real money. that's real money. >> let's give the president -- >> unless you get it from the federal reserve then it's not real money. >> let's make headlines, give the president credit right now for being able to get $20 billion from bp without a single lawsuit being filed. what do you say? >> come on. >> pretty god. >> good deal for bp. >> why? >> what about people -- >> divide it by four or five years. what do they make per year? >> $6 billion. >> if i can put even a tentative
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limit on the liabilities -- >> they haven't done that yet. they haven't -- >> that's a pretty good indication of it's hard to get above that $20 billion. it gets them -- >> democrats only wanted $10 billion. you can't say nothing nice about the president? good job of $20 billion? >> the president has so mishandled this it will be impossible for me to even describe how horribly handled this was. >> $20 people from people in my backyard. >> he would have gotten with the same leverage in a second. bp more than willing to give $20 billion to get themselves somewhat off the hook. unfortunately, they stepped all over wit a comment that the ceo made. >> what would have gone differently -- >> every single thing from day one. first of all, first thing i would have done is bring in experts from the industry who are independent source of advice for me. i met with some of the -- >> president didn't do that? >> two days ago i had dinner in
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houston, top people in the industry. never reached out. never, never asked, gee, has shell done this before? has exxon done this before? if your father or mother was sick, you would go get a second opinion from an expert doctor. not from an academician which is what he did. go ask the question. anybody does remediation before or better than bp? bring them in. make them your eyes and ears. have them watching everything. maybe they could have gotten the estimate right of the amount of oil coming out. >> right. >> it was horrendous. this is a horrible case of malpractice. negligence. gross negligence. they were off by 60 times. that had to infect every wrong judgment you make. >> isn't that malpractice, though, shared by both political parties and entire washington establishment over 15 years that allowed oil companies to drill in areas where they have no --
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>> i'll do you one better. americans consume every gallon on the earth. we have a false price for energy in our country, too, this day. the cost of the wars is not in the cost of energy. environmental liability. none of the liability associated with our lifestyle is actually priced in. for capitalism to work, you have to pay the actual price of the actual cost and actually paying the real cost of energy, we would be incentivized for somebody else but because there's subsidies of energy costs everybody's happy to take it and hire bp to the tune of $6 billion a quarter to figure out which is not easy the technology to drop 18,000 feet beneath the ocean surface to suck oil out to enjoy the lifestyle. if you ask me whether it's the obvious failure in the government and the mass is conflicted. whether it's the obvious fact of
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a sports car to basically do anything. they had the technology to go to the bottom of the sea and not a braking system, no way to turn it off which is incredibly reckless. you find yourself in a situation where everybody's pointing fingers and nobody containing the spill. i agree with the mayor which is we can talk all day about the problems but until you address the matter of the fact that oil continues to go into the gulf of mexico, and there are other ways to deal with it that have not been brought in, it's shameful. >> do agree because we are defending the white house saying on substance for the most part they've gotten it right, do you agree with the mayor that actually they haven't gotten it, right? >> i think the mayor is dead on saying that if they knew it was 60,000 barrels and available if you talk to the former head of exxon or boon pickens. >> they don't talk to any of
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them. >> they said as much. >> he knew. he knew. they had no experts the talk to. >> and the people in the industry believe that he hasn't talked to the industry because they're bad guys. >> why? >> they're bad guys. >> talking -- >> rudy. >> exactly right. >> a bunch of bad guys. >> bad actors. >> and from the point of view of chrysler's view, this is a "f." some day harvard will do a study on if you have a crisis like this, these are the things that obama did wrong. here are the things to do right. that's the first mistake. the second mistake he made was to kind of treat this as a political problem. which he was doing right up until the speech the other night. treat it as a political problem. >> it is a political problem. >> substantive problem. not a political problem? >> he's just dealing with it as a political problem. that's why he went down there only a couple of times at the very beginning. didn't take charge. we had gibbs saying for three weeks that bp was in charge. the speech last night, obama
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said the federal government's been in charge from the beginning. well, nobody ever told anybody that for four weeks. maybe they were in charge in secret. >> well, the president said himself on april 22nd -- >> yes. i pulled that up. >> on april 22nd, he called the agency heads in and he said, okay. listen. this is going to be very bad. it's before -- it's before the thing blew out of the water and said this is the top priority for this government. we have to focus on it. this is job number one. >> where is the containment strategy? >> that's worse because if -- if this was job number one look at the horrible -- if this is job number one which i don't think it was because the president off on vacation twice during all of this, if there were job number one -- >> he went down there -- >> did i go on vacation as mayor? >> no. >> isn't that a cheap shot? ronald reagan went on vacation. george w. bush went on vacation. >> not in the middle of a crisis. christmas day with the christmas bombing, he was on vacation.
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remained on vacation for 11 days. he is the president of the united states of america. >> they have microphones in chicago. >> on christmas evening, the first year i was mayor, left the house and went to the hospital because i was the mayor of new york city and i should be on the spot taking charge of something from the very beginning. this has been a gross failure in crisis management. could not have done it worse. >> okay. i'm sorry. didn't mean to -- >> you shouldn't be on vacation when a crisis affects the country. >> one is the capping of the well which i think is bp's problem. if bp obviously negligent in the construction of dealing the well. the containment problem, to deal with that, that's the government's problem and you have to know what the flow rate is accurately and early in order to have a containment strategy. so my biggest criticism of this administration and why i agree with the mayor comes to the response is incredibly incompetent appearance of the containment strategy -- >> that's not monday morning
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quarterbacking? who knew? >> they could still bring -- matt simmons knew. t. boon pickens knew. put a curtain around it. >> you wouldn't do it as a thousand gallons. >> booms, curtains, super tanker. super suck second too long. >> it is worse if you're right and they were in charge from the beginning because if they were in charge at the beginning they really didn't know what they were doing. >> yeah. >> i actually don't think they were in charge. i think their real failure was they trusted bp. >> can we -- >> and they shouldn't have trusted bp but they trusted bp and they needed -- >> and let's just say that has been our one critique on substance that perhaps they -- two things. one, they trusted bp too much from the beginning. two, they made a political calculation that if we go down there, we own the story. it's not bp's story. it is our story. that is a critique i think we'll hear for some time. can we go right now? this is a fascinating
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conversation. you are the first person on the show and challenged them give me substance. you three guys, talking specifics about what the president should have done. let's go to the barna cam right now. >> is there? >> wearing the white sox right now? are you listening to this? >> yeah. i am. >> we've got three guys here loaded for bear. they have got some specifics. what do you think? taking shots. >> let's place the faith in bp because they've done such a great job. still using the same instruments on oil spills that they were using in california in 1969. if british petroleum which used to call themselves or any of the oil companies in charge of technological advancements in the society we would still be using a rotary phone and looking at a 2-inch bendix tv set. >> using the technology used to steady the camera. >> good thing there's no -- >> only choice -- >> government fault. >> never create -- >> do we have the cameraman from "24" now?
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mike barnacle brings up a point. we hear that we had the technology to stop this. in 2002, though, dick cheney and his energy task force said, no. we're not going to take an extra step. >> i have no idea what dick cheney did five or six years ago. >> isn't it important to know? it's part of the story. >> as part of the history of this but the reality is, he's been president now for 18 months. it's about time we stopped blaming bush. >> hang on, mr. mayor. >> when the crisis -- >> standards in the gulf. i don't mean to interrupt you. north sea has a totally different set of standards. these standards have to be taken into consideration. >> may be in the last 18 months he should have changed it. if i had 18 months to change things and i ran on the premise -- >> dean dinkens. >> i would have with the "the new york times" for about two seconds. after 18 months in office when i ran -- >> should he have done an audit?
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did an audit on mms -- >> i'm sorry. he owns this problem. >> said it was corrupt in that speech. >> he owns this problem and the handling of it has been i think horrendo horrendous. >> we have to conference for a second. >> with all due respect to america's mayor and all and he does have the situations in his history where he took tremendous -- >> remember, we used him as an example of how you lean forward. >> but it's always been -- >> ax to grind. >> do you think he does? >> yes. he's taking cheap shots and some -- >> go after him right there. >> cheap shots? >> that's tough. tough. >> i think you are a fine person and a -- >> you guys really give this guy a break. >> no. >> that's beyond -- >> no, no, no. hold on. >> they've been working on impeaching bush by now. they would be like a movement to throw him out of office. >> that is not true. if you watched our coverage in this and questions we raise -- >> try to be fair. separate it and put a bush
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there. >> hold on a second. >> bush responded to katrina faster than this guy responded to this crisis. >> mr. mayor, you have had crises to deal with as a leader, right? >> many. >> always been though and just the way it's been in reaction to an incredible event. 9/11, obviously. other things in new york city. what would you do when you have a spewing oil gush that is uncontrollable. >> i told you. >> to manage expectations in a country that you're leading. i mean, it's completely different. >> first of all -- >> everybody looks back in history -- >> still erupting and still not -- >> that's correct. that's correct. >> i know exactly what i would do. >> hold on. >> it's not hypothetical. i know exactly what i would have done. first thing is to bring in outside experts who knew as much or more about this than bp because i wouldn't trust just bp to run it for me. i wouldn't want the fate of my people and country in the hands of bp. i would have gone and called up
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the people you're talking about, people better than bp i would have asked. >> to measure? >> yes. are there people far better than bp? >> yes. check. >> why do they? give me the people that are the best. i'm the president of the united states or the mayor of new york city. you can get anything you want. give me the people that are the best. i want them here -- he has not called any of these people. not a single one. go ask them. he's not talked to them. he doesn't like or trust them. he's gone to academics. that's what he trusts. >> at the history for everybody in my opinion. the capping of the well is the failure of the people in charge of the well. the custodians of the well but the failure to contain the ongoing eruption of oil in the gulf of mexico rests solely with this president. everything else i share with everybody out there but the failure to contain -- >> way to do it? >> no, no, no. >> none of us think that. >> if i were trying to prove a case of negligence, what i would say -- nobody can do magic.
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he hasn't taken the reasonable steps to do it. he hasn't talked to the industry experts, he hasn't gotten the best people. >> mr. mayor, have you talked to industry experts that know how to stop the oil? >>. >> thank you. >> mika, let me finish. i have spoken to industry experts who say they have people who do it better and shocked they were never consulted or called by anyone. >> don't underestimate -- >> i know you're -- you want to protect him but the people of this country are more important than the president of the united states. >> trying to help you, baby -- >> talking to the mayor. >> that's what i'm -- >> me calling the mayor america's mayor baby is not me son my sonlg nisic. this is so rare. the three of you saying right now you have talked to all the industry heads in the oil industry and told you that the
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white house has not contacted them. >> none of the former ceos of great companies -- >> i haven't talked to every one. >> they have said they've been in communication. i have said why don't you call the white house? listen. we don't do that. maybe you could argue they're not doing the patriotic business. >> who are you talking about? >> if you thought it was 1,000 to 1,500 because you believe bp -- >> flow rate matters. >> the president snookered by bp -- >> this is what we were saying before. remember, when i was saying what the president should do a couple of weeks ago when we were very frustrated abe said he should call in t. boon pickens, donald trump, call exxon. tell exxon, tell their competitors, come down to the gulf. help us fix this thing. we'll give you bp's -- >> uncapping the well. >> this is the thing to acur as a chief executive. you should not be in the hands of bp for a couple of reasons. first of all, they have a vested interest in possibly fudging the facts to protect themselves.
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>> right. >> secondly, they have had theoretically a poor record in doing this. get yourself -- look. somebody gets sick. doctor gives you an opinion. go to another doctor and you ask for a second opinion. that basic -- >> sounds valid. >> does that sound valid? >> where are they? >> that sounds valid, don't they? >> does the president know it's the 100 million barrels? this is what boon pickens tells you. he didn't know. >> he would have known. >> wouldn't you know? >> a case of negligence is made on should have known, should have known, should have known. >> by the way -- >> five of,000 should have knowns and you are negligent. there's about 50 here. >> we talked to t. boon pickens the night soon after this blew. >> what was the white house press corps say? at the correspondents' dinner. pickens was there. >> april 30th and everybody, just starting. we asked pickens what was going to happen. he goes, he said, this thing's not going to be contained until august, september, october.
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and he said, he said, you better have five plans. they better be dramatic plans. >> absolutely. >> better use your imagination because guess what. the first four plans are going to fail. industry guys know. industry women know. so to that point, if he hasn't and we are going to dig into this. we'll ask our friends at the white house what industry people they have talked to, that's a significant, significant issue. >> can i make one more point? >> i want to know who is telling these gentlemen that the white house hasn't called -- who? just wondering if they happen to be -- >> they're not. what they are are people who understand the energy infrastructure. people like matt simmons. and who used to run shell. people that understand the jeelg underneath that water. here's the moat important point. >> in a way academics do not. >> they could have capped it with what we have talked about, remotely so. they had to plan for worst-case scenario from day one.
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do we have a plan to contain this oil in the event top kill, cut and cap, cap and cut, whatever you want to call the different things, don't work. they continued to bet that each capping mechanism would work as if it would go away as opposed to plan for the contingency for months if not years to come. matt simmons may not believe we can cap it ever. >> top kill never worked. never works. all dodges because they hoped that the pressure would dissipate. it is not. >> these are not small people. these are big men with big ideas. >> take the caffeine off the set here. it's a little intense. >> seriously. >> okay. >> it's just -- you know what? >> thanks. in addition to the conversation. we'll check into it. and report back. thank you, mr. mayor. >> i'm certain you're absolutely right that the white house not talked to any scientists and experts. i'm sure of it. just sit there and go like this.
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we don't want to hear anything that's constructive. >> that is not correct. they haven't put a team together and that's obvious. what is the team? he took until two days ago to appoint another czar. i mean, 55 days into this, you finally appoint someone to deal with it. 50 -- he has 55 days to deal with it. >> okay. fascinating. we asked for specifics. we got specifics. we'll follow up on it. coming up, democratic congressman from louisiana will be here. >> yes, he is. we'll appreciate that and get the reaction of the poll that shows people of louisiana think former president bush is better than president obama in a crisis. and joe joins -- >> that doesn't come off of your lips very easy, does it, mika. >> and joe -- >> kick in the stomach. >> i may just lunge at your neck, mr. mayor. you can catch that later this morning. we'll be right back. ♪
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the last eight presidents have gone on television and promised to move us toward an energy independent future. why couldn't we do it? it is not like they didn't have good ideas. >> wind turbines. >> nuclear energy. >> solar bank. >> energy efficient homes. >> natural gas. hydro. >> american coal. >> solar panels. >> ethanol, not just from corn. >> atomic power. >> wood chips and stalks or switch grass. >> fuel cells. >> natural grass. >> zero-emission coal-fired plants.
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better batteries for cars. >> ethanol. >> methanol. >> plant products for gas-ahol. >> [ bleep ] it. let's just use oil. >> gas-ahol, that's my favorite. >> everyone take a deep breath. cramer. dylan is here with the soothing voice and willie. >> you are an observer. >> you bring as s n aspect of t morning that others can't bring, william. >> that's awkward. will you please move away from him? >> i might move closer. >> let's just take a look at the morning papers. "the boston globe." walmart challenges cape wind's high costs. the wind generated electricity. >> "the wall street journal," trying to replace revenue loss and regulatory rules. the moveexpected to end free checking accounts for many
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americans. >> "miami herald," after a five-day strike, spirit airlines reached a tentative agreement with pilots yesterday. flights are scheduled to resume on friday. what's in "usa today"? >> iphone frenzy. you cannot advance buy. >> i'll tell you. you guy s just really ratchet u the pressure on this set. dylan. >> brought information. >> need to take a chill pill and hold on to the refrigerator. okay? >> i disagree. good energy, good information. >> that's how i felt about it. >> curtains and the super sucker. >> boom your curtain, super sucker. >> that simple. if you guys had been in charge everything would be fixed. >> it is not about -- go to matt lauer. >> all right, all right. the numbers were off. >> $500,000 a day on rig to pick up in $75,000 of oil?
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can they be that stupid? >> annoying is harping, harping, harping on that and the president's theatrics of this and i think it is a scary thing when in this age where anger and rage can lead to the ridiculous and even the scary that someone when's doing a cool, methodical analytical and day by day approach to trying to deal with the crisis is vilified and -- >> what do you mean by the scary? >> here's where i disagree. gulf of mention is one of the most precious -- >> i do, too. >> i'm not suggesting you don't. if i could finish what i was saying is i don't doubt that you disagree with me but what i'm saying is the lack of a containment strategy by anybody involved with this issue, whether it is the federal government, an oil company or anybody else, is incredible to watch because of the clear conversation that has existed since april 20th about how you
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would develop a containment strategy in the event the well cannot be capped and instead bet on capping the well and did not deploy a containment. that's not my opinion. >> the president did good getting that -- >> done an incredible job dealing with a legacy of problems that are stunning. isolate on the containing segment. >> i wasn't able to offer the solution to these problems. the world focus on one thing for one moment, chris. >> what? >> it would be a better place. this is the dancing baby in brazil celebrating the world cup victory over north korea yesterday. >> i'm done. >> not the one that smokes, is it? >> no! that's indonesia. >> good-bye. >> we'll be back we rin burnett. >> that's good. [ birds chirping, animals calling ] ♪ [ pop ]
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welcome back to "morning joe." live pictures at 8:35 in the morning. washington, d.c. let's get a check on business before the bell with nbc's erin burnett live in washington this morning with the top three stories of the day. what are you looking at? >> we have news and i'll start with that. i'm obviously here because of bp but on to that in a moment. i know you're talking about it with passion there, guys. we got numbers a couple of seconds ago on unemployment
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benefits. weaker than expected. 12,000 applying. highest in month. it is going to be a very long, slow, slog to get out of the unemployment hole we are in. that was a little weaker than expected. overall, willie, markets higher this morning as people are getting clarity out of europe and finding out hopefully what's going on with the banks because they're doing a stress test like we did and we got the results of the stress test, that mark to market bottom and the search. people are hopeful but unemployment is a big, and other big story, not just here unemployment is a big problem and europe. greek numbers came out. ten-year high and european numbers 12-year high for the 16 countries in the euro zone. we have a long way to go but it's sunny out and the markets are higher. don't get too depressed. >> we take what we can get at this point. erin, mort zuckerman talking about the jobless claims. how depressing to him. where do you see a turn in the
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numbers if any point in the near future? >> look. it is hard to see a turn. all of the ceos we have spoken to -- here's the good news. i've spent time talking particularly to industrial and manufacturing ceos, big ones like cat that do business overseas and ones that do 80%-plus of the business here at home and all agree there's no double dip. they were the last to buy into the recovery. they're not buying into a double dip. however, they are not yet hiring. what they're doing is just doing overtime and bringing people back. they're not yet fully hiring and takes a long time and not buying into a real doom and gloom scenario. okay. second one quickly. you got it, pete. tin can, the other one, linked to the u.s. and japan's manufacturers. usually come out depressed and grim. this time, most optimistic in two years. outside manufacturing good, too. we have to go. okay. so the $20 billion number, good for bp's stock went up. i don't really understand why.
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it's $20 billion, very big number and not a cap. so, in a sense, that means the obligation could be bigger for bp than anybody thought. we'll watch tony hayward this morning at 10:00. >> watching with you, thanks so much. top three stories of the day. we'll be right back. [ male announcer ] looks clean. but look below the surface. your mouth is no different.
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welcome back to "morning joe." >> the white house on the blackberry? >> i do. it is not who you think it is but it's an administration official responding -- >> to our whole chitchat? >> yeah. >> why do you give me that eye? >> you guys deserve it once in a while. just blah blah blah. >> they don't care. >> while people trying to do something here, a few days after the rig sank, we convened a team of the nation's best scientists and engineers under the direction of secretary chu. from the beginning the job to
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devise and direct strategies to contain the oil and cap the well until bp finished the relief well in august. and they have consulted scientists and engineers from the laboratories, academics and experts from here and around the world. they have evaluated every idea offered to see if it's feasible. and it's partly because of chu's team that we soon hope to have the equipment in place to capture up to 90% of the oil. there's more here about the flow rate. do you want me to go there, too, or just -- >> that is the most important thing. >> they did not say that -- >> we have the guest. >> quickly on the flow rate. >> as for the flow rate, we have had scientists from the u.s. geological survey down there for a few weeks to get an accurate measure and very difficult because of the depths and there are many different measurements to take that are constantly changing and all have a wide range of estimates. thought it might help out. >> the only question, we have to
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get to the guest but why aren't you doing the flow rate from day one? >> okay. >> i think that -- >> ah, one of the people to grill bp's ceo on the hill today is congressman charlie malanoces joining us from capitol hill. what do you plan to ask him? >> i want to have conversations to whatever extent with my limited time about bp's actions, and of course, discuss whether the actions by the federal government, the moratorium, they feel an obligation or a commitment to make sure that not only the businesses but the employees of those businesses that are projected to be laid off until we find out if all these operations are safe, if they're planning on making sure that those people are made whole. >> all right. dylan? >> representative melancon, what is your view on other costs, for
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instance, small businesses funding themselves on credit cards right now because they can't file claims and paying huge credit card interest to the banking system as we know to cover the bridge here or for instance lost real estate values and lost state tax revenue along the gulf coast as a result of what may be a multi-decade long period of damages to that region which will go straight to the state budgets from florida to louisiana? >> well, i'm hopeful that the response will be bp and partners make sure that people are whole to whatever extent. if they've filed a claim and the claim is not handled expeditiously or in a favorable manner, then i think any interest accrued and expenses involved there no fault of their own should be reimbursed by the responsible party. >> congressman, willie geist here. we have the fund announced yesterday. another $100 million for people put out of work in the moratorium. what's the number one concern you're hearing from your
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constituents? what do they want it for? >> so many various problems with the claim system. i'm glad that we have got the new system set up with the escrow account. the 100 million is a good start on the unemployed people but the industry wide in louisiana i believe alone is about $350 million a month so i don't know exactly where that's going to tack us to. and i'm hoping it is not as bad as the extreme cases have been suggested but time will tell us. >> jim cramer? >> congressman, can you tell me why you think that hayward should even be allowed to still be running this company? he is not the chairman. it's hayward that's in charge. >> well, you know, i'm frustrated with that and i got to the point, i guess it was the tuesday night that he made the comment about wanting his life back. thinking about the 11 folks that lost their lives and the fact we have got the worst ecological disaster in the history of the
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world and unfortunately happens in the gulf of mexico and to an area of louisiana that's had more than its fair share of disasters in the last five years. >> yeah. congressman, thank you so much for being on the show. and before we go to a break, dylan and jim, i just wonder, given the fact that much of the economy revolves around these companies remaining in operation, should bp, though, given the risks an the mistakes be allowed to continue drilling often in deeper water, atlantis. where do you stand on that? >> with real regulation, yes. >> we we don't. >> absent an audit, and a review of all of their properties, i wouldn't allow them to operate. >> shut them down? >> yes. we have to audit the system. the system is clearly corrupt. >> the only reporter in the middle of the exxonmobil disaster. what does he say? [ tires screech ] [ female announcer ] when business travel leaves you drained, re-charge with free high-speed internet and free hot breakfast.
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now, it looks pretty good. but if you take a shovel and dig down just a little bit, you can find rocks covered with flecks of oil still and the smell, it's kind of like roofing tar. >> that's nbc's george lewis reporting then and now on the affects of alaska's 1989 exxon valdez spill. with us now, a reporter that covered the exxon spill for the anchorage daily news and author of "the fate of nature." charles, great to have you with us. >> great timing. >> what did we learn from exxon that we can apply today and those are pretty depressing pictures there that some of that oil is still there 21 years later. >> yeah. one of the main things we learned is once you spill millions of gallons of ocean in the, you are done. you can't clean it up. there will be oil and significant environmental damage. so if you talk about, well, this company did a bad job cleaning it up, that company did a bad job, you are missing the point. so what i try to do in the book is take a much broader picture
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and pull back and say, look, there's something wrong with the society and something wrong with the way we do politics and organize the industry and in the way to environment. it won't do enough to change that person or that person. we are making the same mistakes over again. >> bigger every time. >> the rig blows up, sinks, the well is ruptured. in your eyes, what should have been the next thing to happen? >> well, obviously, you know, you would hope that before that had happened you would have had a meaningful contingency plan in place and you wouldn't have like one single backup. blowout preventer is a solution, if that doesn't work? i don't know. figure something out. that's very similar to what we saw in alaska. you would want better command and control. you want all the assets in the control of the admiral in charge rather than have him go begging to exxon to do something. and then you would have local people running the cleanup who actually know those waters, know how to operate there. know what that the resources are
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and could be much better protecting them instead of chaos that we have. >> you talk about the system being proben. not the people but the system. i could not agree with you more. how do you begin of updating the system to realign the interests of everybody so that we stop getting the level of exploitation, extraction and destruction? >> near term, doing something in alaska that's working. a citizens group was set up with a mandatory tax so they can hire engineers, technical experts, pr experts. they watch what's happening in prince william sound and shame the industry. >> a citizen's watchdog group essentially funded with state money? >> they have the risk, the people that live there. the fishermen, giving them the power to oversee it. if it's a bureaucrat in washington, he is captured by the industry. >> the risk resides and custody given to the person with the most at stake in the environment n. this case, local fishermen. >> do that with banking, too?
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>> thank you. >> why have the custodians responsible? it is crazy. >> right. >> it's a universal problem. >> everywhere in the country. when the exxon valdez happened, we passed laws for prince william sound as if a pass crashes and pass a law for laguardia. >> right. >> we hope in august the relief wells are completed. best case scenario, the oil spew is shut off. but what are the long-term effects on the environment i'm talking about? what do we learn and the wetlands? >> i mean, it is really, really hard to predict and one of the things of nature you can't predict what it will do and you have to have humility and know this is something bigger than us and technology, you know, can't deal with it. i would expect that it's going to last a long time. even if they shut it off, the oil's sloshing around for months and months and months a enthen if it gets into places that are sensitive as it did in prince william sound, you can do more harm than good trying to clean it up. decades, you know, there will be
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areas in the so understood that will probably still have impacts by the time we're retired. >> wow. charles, thank you so much. the book once again is "the fate of nature" and we so need to respect it on so many levels for so many reasons. thank you very much. >> thank you. >> get ready for a real grilling on capitol hill as bp's ceo tony hayward testifies today. that should be interesting. live pictures there of the hearing room. looking ahead to that. next, what if anything did we learn today? i know what dylan learned. also, "the daily rundown."
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welcome back to "morning joe." william? >> i learned from mika the white house e-mailed and said they have been talking to the oil companies and have for a long time. >> hah! >> jim kramer? >> i thought i was the only one that knew it was a bigger spill from the beginning. turns out you knew and the mayor knew. three of us did. >> again, i learned that it is important to differentiate between one thing and another. >> that's right. >> and in this case, the containment issue is different than any other issue. >> that's correct. be more patient. >> containment issue, i cannot have patience for. >> so thoughtful. chris, you know, somebody else is weighing in on the important topics of the day with an e-mail. >> cathy in new hampshire, mika, where did you get your dress? i would like to buy one.

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Morning Joe
MSNBC June 17, 2010 6:00am-9:00am EDT

News/Business. Interviews with newsmakers and politicians; host Joe Scarborough.

TOPIC FREQUENCY Us 39, Neutrogena 14, America 12, Spain 11, Switzerland 10, Mike Barnicle 9, Mika 9, Plavix 8, Washington 8, Carole King 8, Starbucks 8, Exxon 8, Bp 7, New York 7, Afghanistan 7, Louisiana 6, James Taylor 6, Jim Cramer 6, Obama 6, Volkswagen 5
Network MSNBC
Duration 03:00:00
Video Codec mpeg2video
Audio Cocec mp2
Pixel width 720
Pixel height 480


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on 10/15/2011
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